Gilt calls, range 103.16/103.41, downside risk with Rates and Govies lower.
Find more articles and bullets on these widgets:
Gilt opening calls: Range 103.70/103.86, would give a 103.78 mid (with Bund at 135.76).
USDJPY continues to trade below the 50-day EMA, at 132.77. This average represents a key short-term level and a clear break is required to suggest scope for an extension higher that would expose 134.77, the Jan 6 high. The broader trend direction remains down and recent gains are considered corrective. Firm support to watch is at 128.09, the Feb 2 low. The bear trigger is at 127.23, the Jan 16 low - a break would resume the downtrend.